Filing Flows › Federated Hermes (FHI) › Operating margin
Federated Hermes (FHI) operating margin by quarter
Federated Hermes' operating margin was 30.2% in Q3 2026 (third quarter 2026), +3.8 pts from Q2 2026. Over the last 7 quarters it ranged from 26.4% (Q1 2026) to 31.1% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 30.2% | +3.8 pts | +2.6 pts |
| Q2 2026 | 26.4% | +0.1 pts | -1.1 pts |
| Q1 2026 | 26.4% | -1.7 pts | -4.7 pts |
| Q4 2025 | 28.1% | +0.5 pts | — |
| Q3 2025 | 27.6% | +0.0 pts | — |
| Q2 2025 | 27.6% | -3.6 pts | — |
| Q1 2025 | 31.1% | — | — |
Q3 2026 at a glance
Federated Hermes, Q3 2026: revenue $507M (+8% year over year), operating margin 30.2%, net earnings $112M, operating cash flow $134M. The chart follows the revenue to costs, profit and cash.
Questions
What is Federated Hermes' operating margin?
Federated Hermes' operating margin was 30.2% in Q3 2026 (third quarter 2026), +3.8 pts from Q2 2026.
How has Federated Hermes' operating margin changed?
Over the last 7 quarters it ranged from 26.4% (Q1 2026) to 31.1% (Q1 2025).